Technical Analysis Blog Posts

This will be my first and last report this week and I will return next Monday. In the overnight electronic session the September Corn is currently trading at 354 which is 4 ½ cents higher. The trading range has been 354 ¾ to 353 so far. Seems to be...

Oils wild ride continues as the market looks to try to shake off Labor Day’s 3% sell-off and is looking to rally back on China stimulus hopes as well as strong data coming out of Germany.China’s stock market closed higher on the day breaking a st...

DJ CBOT Delivery Intentions: Totals – Sep 4 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available SOYBEAN OIL September Sep. 08, 2015 379 Sep 03, 2015 ROUGH RICE September Sep. 08, 2015 57 Sep...

COTTON General Comments: Prices were a little higher yesterday in consolidation trading. Futures held despite a generally weak export sales report. The market ignored the report after the first few minutes and went back to the US production potential...

Jobs number this morning , Euro QE looming as well as talk of a Fed interest rate hike this month.  In the overnight electronic session the September Corn is currently trading at 349 ½ which is 1 ¾ cents higher. The trading range has been 349 ½ t...

Financials: Dec. bonds are currently 22 higher at 155’05, 10 Yr. Notes 9 higher at 127’21 and 5 Yr. Notes 4 higher at 119’26.5. Estimates for this mornings Jobs Report show an average increase in non-farm payrolls of 210-220, 000. We are holdin...

Oil prices were under pressure after Mara Draught’s magic seemed too eased off. Oh sure after Mario Draghi said he was disappointed with growth and the lack of inflation and oil got a bounce off of increased European Union quantitative easing expec...

As the U.S. president toured Alaska and preached the effect of global warming the Chinese Navy had a flotilla of warships in the Bering Strait which has been unheard of until now. Their so called destination was the Aleutian Islands or were they send...

Oil prices are proving to be resilient after wiping out a 2% loss to close over 2% higher. Not even a reported 4.7 million increase in crude supply and reports that President Obama has the votes to overcome a veto on his deal to lift sanction on Iran...

DJ CBOT Delivery Intentions: Totals – Sep 3 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available SOYBEAN OIL September Sep. 04, 2015 440 Sep 02, 2015 ROUGH RICE September Sep. 04, 2015 496 Se...

COTTON General Comments: Prices were a little lower again yesterday. Attention is on US production potential. The US will produce less Cotton, and USDA might be forced to lower its production estimates even more when the next round of estimates are r...

U.S. stock markets plummet, dragging down the global oil market after weak reading in the Chinese Manufacturing data. But was the data really that bad?  The Chinese official Purchasing Managers’ Index did fall into contraction to 49.7 but it w...

The markets are attempting to find a bottom after a start of a tumultuous week following the crazy events in July and aftershocks in August. Asian stocks were mostly higher and the Footsie is playing the teeter-tauter effect wondering what latest hea...

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 103,604 lots, or 4.34 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-15 4,060 4,060 4,050 4,050 4,062 4,058 -4 234 544 Nov-15 – - ̵...

Written 8/31/15 SEPT BEANS For the month of August, Sept Beans lost 59 cents – being victimized by a bearish Aug 12 USDA Report & a stock mkt meltdown last Monday. However, the contract did manage to rally back 20 cents off its lows – off sta...

Brazil Export Data for August: Commodity August 2015 July 2015 August 2014 COFFEE(60 KG BAG) 2,669,920 2,499,095 2,689,694 CRUDE OIL (TNS) 3,623,854 2,811,725 2,319,987 ETHANOL (LTR) 196,225,425 213,895,282 78,376,207 SOYBEANS (TNS) 5,161,857 8,440,3...

Financials: Dec. Bonds are currently 20 higher at 155’08, 10 Yr. Notes 10 higher at 127’12 and 5 Yr. Notes 6 higher at 119’20. During the slump in equities we have NOT seen the flight to safety in U.S. treasuries experienced in during recent pa...

By a text book definition the oil market is back in a bull market, yet with weak economic data coming out of China and Europe is it time to throw out the book. Oil posted its biggest 3 day rally since 1990 and put futures back in bull market territor...

It is the same old song since July that many earth shattering events shook the global markets and it just seems to keep whistling down the road. Will the Fed raise interest rates in September? Is China’s economy faltering? Weak factory data from Ch...

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 154,972 lots, or 6.50 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-15 4,050 4,073 4,050 4,059 4,063 4,062 -1 1,014 560 Nov-15 – - ...